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Filecoin Price

Filecoin Price(FIL)

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FIL
1 FIL =
USD $5.3413122
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Last updated 2023/02/06 02:03 (UTC)
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1.99%
Kraken
0.26%
Binance
0.1%
$ 5.3413122
-2.82%
(1D)

FIL Price Live Data

The live price of Filecoin is $ 5.3413122 per (FIL / USD) today with a current market cap of $ 2.03B USD. 24-hour trading volume is $ 166.25M USD. FIL to USD price is updated in real-time. Filecoin is -2.82% in the last 24 hours. It has a circulating supply of 379.16M USD.
FIL Price Performance USD
ChangeAmount%
Today$ -0.15086-2.82%
30 Days$ 3.1808021+59.55%
60 Days$ 1.1960033+22.39%
90 Days$ -0.4109891-7.69%

FIL Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 5.1797763
High: $ 5.5454238
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 237.24
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
-0.87%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
-2.82%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-1.82%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-1.82%
The percent change in trading volume for this asset compared to 7 days ago.

FIL Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#33
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 2.03B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 166.25M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
379.16M
Circulating supply shows the number of coins or tokens that have been issued so far.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
379.16M
Circulating supply shows the number of coins or tokens that have been issued so far.

About Filecoin (FIL)

Filecoin (FIL) is a blockchain network and decentralized peer-to-peer (P2P) digital storage ecosystem and marketplace. Built on InterPlanetary File System (IPFS) technology, Filecoin incentivizes hard disk drive-sharing through its native FIL token. Filecoin price is updated live on Binance.

Filecoin operates as a decentralized file-sharing and storage platform, offering an alternative to centralized digital storage. Through Filecoin, it’s possible for users to sell storage on the Filecoin network and determine their own contract terms and prices.

The IPFS technology that drives Filecoin is open-source and free to use but offers no incentive to users who provide storage space. Filecoin can be considered an incentive layer on top of IPFS that gives out blockchain-enabled rewards through the FIL token, thereby promoting the use of decentralized storage. 

Users who want to store data on the Filecoin network must pay miners, who provide data storage, a fee determined by the Filecoin market. Miners must perform computationally complex processes called proofs to verify that they are storing user data reliably.

People Also Ask: Other Questions About Filecoin

  1. What is Filecoin (FIL) Used For?

    FIL tokens are used to incentivize network participation in the Filecoin ecosystem. Storage users pay storage providers FIL for decentralized storage services. FIL price information is available in real time on Binance.

  2. How Do Network Consensus and Validation Work on Filecoin?

    Filecoin uses a unique consensus mechanism called proof-of-replication (PoRep) and proof-of-spacetime (PoSt). PoRep proves that a storage provider is storing user data accurately, while PoSt ensures that user data is stored reliably over an agreed period of time. 

  3. Who is the Filecoin Founder?

    Filecoin is an open-source software created by Protocol Labs, which was founded by IPFS creator Juan Benet in 2014. The Filecoin initial coin offering (ICO), launched in 2017, raised over $200 million in less than 30 minutes. 

  4. What is the Maximum Token Supply of Filecoin?

    Filecoin integrates a dual minting model split into baseline minting and simple minting, as well as a mining reserve. Baseline minting is restricted to a total of 770 million FIL tokens, while 330 million FIL tokens are released via a six-year half-life, which will take approximately 30 years.

  5. What Makes Filecoin Different?

    Filecoin has established a decentralized model of file storage, providing users with a decentralized alternative to centralized hosting providers such as AWS. The creator of Filecoin, Juan Benet, also created the IPFS, the most widely-used and robust decentralized file storage protocol.

  6. How to Buy Filecoin?

    Filecoin can be purchased directly from Binance using a debit or credit card. Filecoin can also be traded for other cryptocurrencies on the Binance exchange. Live FIL price is updated in real-time on Binance. For additional instructions and information, users can read our How to Buy Filecoin (FIL) Guide.

Top News
Storage Protocol Tokens Slide as Traders Short FileCoin and Storj
Short sellers were relentless on storage protocols Filecoin (FIL) and Storj (STORJ) over the weekend, with record shorts being placed on FIL.FIL is down 28% over the past five days, with STORJ down 20%. Both have underperformed ether (ETH), which is down roughly 10% during the same time period.Data from CoinGlass points to record liquidations on long positions for FIL and STORJ as last week came to a close.Nearly $5.7 million long FIL positions were liquidated on December 16, according to CoinGlass, while $365,000 in STORJ long positions were also liquidated. Internet Computer (ICP), a similar protocol, also had $500,000 in long positions liquidated.Open Interest data from CoinAlyze suggests the worst is yet to come, with an 11% jump in open interest during the last 24 hours to about $52 million. Continued negative funding rates indicate that this money is coming in to short.Traders might be questioning the utility of storage protocols, which have a massive — and growing — storage capacity but no obvious use case to utilize it.Filecoin says it has a capacity of 15.34 Exbibytes, or 17.6 million Terabytes, but lists storage of OpenSea NFTs as one of its primary clients, raising questions about how much of its storage network is truly utilized.On OpenSea, monthly volume dropped to $159 million from around $4.8 billion at the start of the year, a decline of about 97% and nearly reflective of Filecoin’s decline from $236, when it listed on April 1, to $3 today.
Sam Reynolds - CoinDesk
2022-12-19
#Storj
#FileCoin
#Storage
#Storj
#FileCoin
#Storage
Sam Reynolds - CoinDesk
2022-12-19
#Storj
#FileCoin
#Storage
#Storj
#FileCoin
#Storage
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